Popular, Inc. (BPOP) Given Consensus Rating of “Hold” by Analysts

Shares of Popular, Inc. (NASDAQ:BPOP) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $47.83.

A number of research firms have commented on BPOP. Morgan Stanley cut their price target on shares of Popular from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of Popular from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub raised shares of Popular from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. TheStreet raised shares of Popular from a “c+” rating to a “b” rating in a research note on Tuesday, April 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price target on shares of Popular in a research note on Friday, July 28th.

Popular (NASDAQ:BPOP) opened at 40.12 on Friday. Popular has a 52 week low of $35.08 and a 52 week high of $45.96. The company has a market cap of $4.09 billion, a P/E ratio of 18.12 and a beta of 1.28. The company has a 50-day moving average of $41.46 and a 200 day moving average of $41.20.

Popular (NASDAQ:BPOP) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Popular had a net margin of 11.57% and a return on equity of 7.11%. The business had revenue of $491.27 million during the quarter, compared to analysts’ expectations of $500.66 million. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities analysts forecast that Popular will post $3.84 EPS for the current fiscal year.

In related news, VP Jorge J. Garcia sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $38.15, for a total transaction of $152,600.00. Following the completion of the sale, the vice president now directly owns 11,502 shares in the company, valued at approximately $438,801.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eduardo J. Negron sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $39.98, for a total transaction of $99,950.00. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.

A number of large investors have recently bought and sold shares of BPOP. US Bancorp DE raised its stake in Popular by 3.2% in the first quarter. US Bancorp DE now owns 14,031 shares of the bank’s stock worth $572,000 after buying an additional 440 shares in the last quarter. Capital Fund Management S.A. raised its stake in Popular by 116.7% in the first quarter. Capital Fund Management S.A. now owns 126,997 shares of the bank’s stock worth $5,173,000 after buying an additional 68,380 shares in the last quarter. Flinton Capital Management LLC raised its stake in Popular by 182.4% in the first quarter. Flinton Capital Management LLC now owns 37,536 shares of the bank’s stock worth $1,529,000 after buying an additional 24,242 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Popular by 1.2% in the first quarter. Diamond Hill Capital Management Inc. now owns 4,021,495 shares of the bank’s stock worth $163,795,000 after buying an additional 48,166 shares in the last quarter. Finally, 361 Capital LLC purchased a new stake in Popular during the first quarter worth approximately $696,000. Institutional investors own 86.69% of the company’s stock.

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Popular Company Profile

Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.

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